The SME Initiative comes to Bulgaria: new opportunities for economic growth and jobs

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02/03/2016

Today, the European Commission welcomes the signature of the funding agreement between the European Investment Fund (EIF) and the Bulgarian government to implement the SME Initiative in Bulgaria. This innovative instrument will unlock over EUR 600 million of additional lending for Bulgarian small businesses.

The SME Initiative programme for Bulgaria, adopted in October 2015 and funded by €102 million from the European Regional Development Fund, is part of a broader initiative of the Commission and the EIB Group, in line with the Investment Plan, to encourage Member States to double their use of European Structural and Investment Funds invested through financial instruments in 2014-2020.